Health Care REIT, Inc., Dana Holding Corporation Reach Contingent Agreement on Sale of Dana's Corporate Headquarters Facility & Grounds

Health Care REIT, Inc. (NYSE:HCN) and Dana Holding Corporation (NYSE:DAN) jointly announced today that the companies have reached a contingent agreement for Dana to sell its corporate headquarters building and grounds to Health Care REIT, a Toledo-based real estate investment trust, for an undisclosed sum. The sale agreement, which is contingent on the support of state and local authorities, is anticipated to close by October 1, 2008. If the purchase is completed, Health Care REIT would plan to remain in Toledo and relocate its corporate headquarters staff to the Dorr Street campus. Dana expects to relocate its corporate headquarters staff to its existing Automotive Systems Technology Center located approximately eight miles away in the Toledo suburb of Maumee, Ohio. "This is an opportunity to secure a unique property in the City of Toledo that would accommodate our growth,” said George Chapman, chairman and chief executive officer of Health Care REIT, Inc. "The campus would play a key role in supporting our corporate objectives. "We are pleased that this transaction would maintain a strong corporate presence at this prominent Toledo landmark,” Chapman added. Dana Executive Chairman John Devine said: "The relocation of Dana’s corporate headquarters facility enables us to consolidate our local operations and make the most efficient use of our Toledo-area footprint. This move provides Dana with a headquarters facility that more appropriately reflects our company’s profile, providing an excellent new home for a respected and growing Toledo-based company.” Under terms of the sale agreement, Dana would vacate its facility located at 4500 Dorr Street by September 2009. Health Care REIT plans to transfer its headquarters workforce from its current location in One SeaGate to Dorr Street. Health Care REIT employs approximately 200 people nationwide, including over 70 people at its One SeaGate corporate headquarters. Health Care REIT’s determination as to whether it will relocate is contingent upon obtaining various types of assistance from state and local government authorities. About the Dorr Street Campus Dana established its global headquarters at the Dorr Street location in 1970, after spending the previous 40 years at the company’s former Bennett Road complex in north Toledo. In 2006, Dana sold its former Dana Commercial Credit headquarters facility located adjacent to the current Dorr Street campus to ProMedica Health System, which utilizes the building as its corporate headquarters. About Health Care REIT, Inc. Health Care REIT, Inc. is a real estate investment trust that invests across the full spectrum of senior housing and health care real estate. The company is listed on the New York Stock Exchange and has an enterprise value of approximately $7.4 billion. As of June 30, 2008, the company's broadly diversified portfolio consisted of 635 properties in 38 states and includes senior living facilities, medical office buildings, hospitals and other medical facilities. Through its development group located in Nashville, Tennessee, the company provides comprehensive planning, development and leasing services to health care systems and providers. The company has a complete array of property management services through its Paramount Real Estate Services Group headquartered in Jupiter, Florida, which also has 17 regional offices throughout the United States. More information is available on the Internet at www.hcreit.com. About Dana Holding Corporation Dana is a world leader in the supply of axles; driveshafts; and structural, sealing, and thermal-management products; as well as genuine service parts. The company's customer base includes virtually every major vehicle manufacturer in the global automotive, commercial vehicle, and off-highway markets, which collectively produce nearly 70 million vehicles annually. Based in Toledo, Ohio, the company's operations employ approximately 35,000 people in 26 countries and reported 2007 sales of $8.7 billion. For more information, please visit: www.dana.com.